Collective Mining Ltd · TSX:CNL

Collective Mining — Investor Presentation (September 2026)

46 slides from Collective Mining's investor presentation, September 2026

  1. Slide 1: Corporate Presentation September 2026

    ——~ (Wy COLLECTIVE =a ME NeLN: G2 - Corporate Presentation ~ Z ———————————— = Se 4 _ X @CollectivecNi | @Ariski73 (Ari Sussman) ) NASDAQ & TSX: CN - ° if September 2026

  2. Slide 2: Disclaimer

    Disclaimer This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents. All amounts expressed in Canadian $ unless otherwise stipulated. Forward-looking Statements This p

  3. Slide 3: Track Record of Creating Value in Colombia

    Track Record of Creating Value in Colombia The Collective Edge Founded Continental Gold which discovered, built and ultimately sold the largest gold mine in Colombia to Zijin Mining in 2020. Well trusted, knowledgeable and successful Buriticá Mine management team in Colombia. Highly specialized tale

  4. Slide 4: Capital Structure and Analyst Research

    Capital Structure and Analyst Research Analyst Research Coverage Firm: Clarus Securities Inc. Common Shares Outstanding 92.6M Analyst: Varun Arora, MBA Target price: C$40.00 Stock Options 6.7M Firm: BMO Capital Markets Fully Diluted Shares Outstanding 99.3M Analyst: Andrew Mikitchook Target price: C

  5. Slide 5: Board of Directors and Key Management

    Board of Directors Key Management Ned Jalil Ari Sussman, Executive Chairman CEO Former CEO and director of Continental Gold, which was sold to Zijin Former Chief Technical Officer at Kinross Gold with 25+ years Mining for $2 billion. Raised over $1 billion for various mining related leading global g

  6. Slide 6: Colombia: A Well Established Mining Jurisdiction

    Colombia: A Well Established Mining Jurisdiction Cerro Matoso Project Company Commodity Stage Type Cerrejón CoreX Cordero Cerro Matoso Ni Production Open-pit Holdings El Descanso El Alacrán Cerrejón Glencore Coal Production Open-pit Buriticá San Antonio El Descanso Drummond Coal Production Open-pit

  7. Slide 7: Caldas: The Most Desirable Mining State in Colombia

    Caldas: The Most Desirable Mining State in Colombia 500+ year mining history – Pro-mining area of Colombia Industrial based economy with excellent infrastructure High level of education Excellent security 7

  8. Slide 8: Operating in an Established Mining Camp

    Operating in an Established Mining Camp Located Contiguous to a Multi-Million Ounce Producing Mine Owns, or holds options to earn, a 100% interest in the mineral titles comprising the Guayabales and San Antonio Projects. Located next to Aris Mining’s multi-million-ounce Marmato project which is curr

  9. Slide 9: Guayabales Project

    2 _Guayabales Project —= MT NEN CG ———— a hy, a ~ i =_™ i. ar . (Wy COELECTIVE

  10. Slide 10: Guayabales: Three Targets to be Drilled in 2026

    Guayabales: Three Targets to be Drilled in 2026 (up to 90,000 Meters) 10 permitted & operating mines in a 3km area within an established mining camp. Multiple discoveries made through reconnaissance drilling since 2022. 165,000+ meters of drilling completed. Please refer to the appendix (pages 32 to

  11. Slide 11: Deep Drilling Aligns with Potential Future Development

    Deep Drilling Aligns with Potential Future Development Please note that no engineering studies have been commissioned to assess the viability of the tunnel and that the image depicted is included for illustrative purposes only. Please refer to the appendix (pages 32 to 45) for the individual metal b

  12. Slide 12: Apollo System: Large-Scale & Growing

    Apollo System: Large-Scale & Growing; 124,000m (290 holes) Completed One Large System with Two Different Host Rocks • Breccia system with shallow bulk tonnage Au-Ag- Cu-W mineralization located above a deeper Reduced Intrusion Related System (Au-w/ minor Bi-Te) • Hanging Wall Vein System: Sheeted ve

  13. Slide 13: Apollo: Four Metal Rich Zones & High-Grade Continuity

    Apollo: Four Metal Rich Zones & High-Grade Continuity from Surface Please note that no engineering studies have been commissioned to assess the viability of the tunnel and that the image depicted is included for illustrative purposes only. Please refer to the appendix (pages 32 to 45) for the indivi

  14. Slide 14: Ramp: Only ~20% of the Breccia's Circumference Drilled

    Ramp: Only ~20% of the Breccia’s Circumference has been Drilled! • Only 385m of up to 1,500m of the outer breccia margin has been tested to date for Ramp Zone style mineralization • 2026 drilling will test the entire ~1.5 km outer circumference of the breccia body • Seven drill rigs dedicated to Ram

  15. Slide 15: Ramp: 350m Vertical Drilled & Open

    Ramp: 350m Vertical Drilled & Open; Highest Grades in Deepest Holes • 2026 drilling to test Ramp Zone over 600 vertical meters • Highest grades to date in the zone at the deepest elevations. Will it continue? 15

  16. Slide 16: Apollo vs Marmato: Two Giants Side by Side

    Apollo vs Marmato: Two Giants Side by Side **Please refer to disclaimer slide #2 for cautionary statement. 16

  17. Slide 17: Northern Apollo: New Oxidized & Outcropping Discovery

    Northern Apollo: New Oxidized & Outcropping Precious Metal Discovery Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 17

  18. Slide 18: Tungsten Enriched High-Grade Subzone Discovery

    Tungsten Enriched High-Grade Subzone Discovery 18

  19. Slide 19: Trap System: Second Major Discovery; Drilling Underway

    Trap System: Second Major Discovery; Drilling Underway Major drill program underway; three rigs operating by late Q2 2026 Two targets to drill • Extend high-grade sheeted vein system discovery to northwest • Maiden drilling of new large Au-Cu porphyry target Please refer to the appendix (pages 32 to

  20. Slide 20: Upcoming Catalysts: Up to 90,000 Metre of Drilling in 2026

    Upcoming Catalysts: Up to 90,000 Metre of Drilling in 2026 Guayabales Project (Up to 14 Drill Rigs) Apollo: Drilling focused on expanding the 1 high-grade Ramp Zone at depth, testing Northern Apollo and infilling Upper Apollo. 2 Trap: Drilling started in Q2, 2026. Other targets: One rig will test gr

  21. Slide 21: Sustainability: The Collective Model – Dialogue Platform

    Sustainability: The Collective Model – Dialogue Platform Multi-stakeholder platform focused on energy efficiency, conservation, social, economic and infrastructure development. Key achievements to date: Energy transition as one of the articulating axes of the process. 27/33 signatories to the volunt

  22. Slide 22: Sustainability Best Practices

    Sustainability Best Practices Partnerships to Strengthen Our Communities 2025 a Year of Success University of Caldas Alliance Strategic alliance with the Over US$1M directly invested in Jointly implementing academic Coffee Growers Committee of social programs, benefiting more and research projects f

  23. Slide 23: Appendix

    pir if COLLECTIVE —— MINING —— ee ‘ Discovering Colombia’s Next World-Class Mineral Depo / : oa Tee @, www.collectivemining.com < lee Xx | @CollectiveCNL X ~@Ariski73 (Ari Sussman)

  24. Slide 24: San Antonio Project

    - San Antonio Project —— MI NIN G—— 3 fe sy. i = NY) COLLECTIVE

  25. Slide 25: San Antonio: Ideally Located with One Drill Turning

    San Antonio: Ideally Located with One Drill Turning Phase I drilling resulted in the discovery of a high-grade vein system sitting above a mineralized porphyry system. 25

  26. Slide 26: San Antonio: High-Grade Veins Sitting Above a Porphyry

    San Antonio: High-Grade Veins Sitting Above a Porphyry Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 26

  27. Slide 27: San Antonio: High-Grade Vein Discovery with Significant Dimensions

    San Antonio: High-Grade Vein Discovery with Significant Dimensions and Open Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 27

  28. Slide 28: Guayabales: A Major Complex with Significant Dimensions

    Guayabales: A Major Complex with Significant Dimensions Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 28

  29. Slide 29: Apollo System: Select Drill Results

    Apollo System: Select Drill Results Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 29

  30. Slide 30: Apollo: Outcropping in High-Grade Oxide Mineralization

    Apollo: Outcropping in High-Grade Oxide Mineralization High-Grade Au-Ag-Cu-Wo3 System Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. 30

  31. Slide 31: Plutus Target: Deep Drilling Planned

    Plutus Target: Deep Drilling Planned Please refer to the appendix (pages 32 to 45) for the individual metal breakdown used in the metal equivalent grade calculation. Plutus Porphyry Center South: Large coincidental copper & molybdenum in-soil anomaly lying above a magnetic high. Located approximatel

  32. Slide 32: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 10: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % Pb % AuEq g/t AgEq g/t TRC-7A1 172.65 632.25 0.92 9 - 0.13 0.13 1.10 PNC-22 369.35 136.45 0.97 20 0.04 0.002 1.31 3 APC104-D1 107.10 534.40 2.

  33. Slide 33: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 11: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % Pb % AuEq g/t BOXC-76 73.40 33.30 0.91 50 - 0.10 - 1.52 BOXC-106 8.50 55.00 0.45 59 - 0.23 - 1.22 BOXC-56 168.35 11.55 3.57 19 - 0.16 0.12 3.7

  34. Slide 34: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 13: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % WO3 % AuEq g/t WO3Eq % APC-3513 7.00 359.15 1.84 48 0.48 0.002 3.32 APC-6414 33.40 451.40 1.48 57 0.26 0.001 2.67 13 APC-31 4.90 384.70 1.17 4

  35. Slide 35: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation 16WO Eq% is calculated as follows: (WO3 (%) x 0.72) + (Au (g/t) x 0.22 x 0.97) + (Ag (g/t) x 0.003 x 0.85) + (Cu (%) x 0.31 x 0.95) utilizing metal prices of WO3 – US$14.75/lb, Au – US$2,200/oz, Ag – US$33/oz

  36. Slide 36: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 17: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % AuEq g/t AgEq g/t 26 APC100-D1 189.20 150.50 1.46 18 0.06 0.03 1.74 APC106-D225 302.85 91.15 2.13 12 0.05 0.10 2.31 25 APC106-D2 341.5 18.20 6

  37. Slide 37: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 18: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Zn % WO3 % AuEq g/t* APC-162 27 194.25 6.70 3.37 34 0.03 0.44 - 3.90 and 27 250.70 1.10 21.70 25 0.03 0.34 - 21.51 27 and 267.90 1.40 30.90 56 0.05 0.73

  38. Slide 38: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 19: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % Pb % AuEq g/t TRC-3031 4.55 200.85 1.01 5 0.04 0.05 0.01 1.06 Incl. 31 164.90 40.50 3.74 15 0.07 0.21 0.06 4.01 TRC-632 98.40 206.95 0.90 5 0.

  39. Slide 39: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation 34AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.014 x 0.88) + (Zn (%) x 0.46 x 0.85) + (Pb (%) x 0.41 x 0.85) utilizing metal prices of Ag – US$25/oz, Zn – US$1.25/lb, Pb – US$1.10/lb

  40. Slide 40: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 27: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % Pb % AuEq g/t AgEq g/t 36 SAC-33 159.70 1.30 9.89 11 0.02 - 0.11 - 9.40 SAC-2236 628.00 1.55 16.75 14 0.01 - - - 15.79 SAC-2236 679.30 1.25 14

  41. Slide 41: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 28: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % Pb % WO3% AuEq g/t AgEq g/t XTC-138 121.10 12.85 1.82 361 0.02 0.53 503 APC-8139 130.00 111.25 0.83 10 0.03 0.002 1.00 APC-7239 2.00 519.10 2.

  42. Slide 42: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation 41AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.015 x 0.85) + (Cu (%) x 1.44 x 0.95) + (Zn (%) x 0.43 x 0.85) utilizing metal prices of Ag – US$30/oz, Zn – US$1.25/lb, Cu – US$4.2/lb

  43. Slide 43: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % Zn % WO3 % AuEq g/t 49 APC104-D1 107.10 534.40 2.16 32 0.09 0.21 2.70 49 within 107.10 150.55 4.71 87 0.22 0.50 6.16 52 APC105-D1 469.60 75.80 8.06 15 8.01 5

  44. Slide 44: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation 47 AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.016 x 0.88) + (Cu (%) x 1.79 x 0.90)+ (Mo (%) x 11.62 x 0.85) utilizing metal prices of Cu – US$3.85/lb, Ag – US$24/oz, Mo – US$25/lb

  45. Slide 45: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 30: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % WO3 % AuEq g/t 54 APC-60 41.60 557.85 0.74 59 0.33 0.001 2.10 APC-3155 4.90 384.70 1.17 43 0.37 0.002 0.08 2.62 55 Incl. 4.90 42.35 4.81 23 0.09 0.

  46. Slide 46: Details of Metal Composites for Equivalent Grade Calculations

    Details of Metal Composites for Equivalent Grade Calculations Disclosed in the Presentation Slide 31: Hole # From (m) Length (m) Au g/t Ag g/t Cu % Mo % AuEq g/t DOC-256 0 104.00 1.21 12 0.03 0.002 1.32 PNC-557 4.40 304.60 0.58 9 0.03 0.003 0.76 PNC-257 369.35 136.45 0.97 20 0.04 0.002 1.31 58 PNC-7

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